Grand Dunes Condominiums Luxury Resort, Miramar Beach Florida

Grand Dunes offers a beautiful view of the clear emerald waters of the gulf and lush landscaping you will see as you stroll the grounds of the Grand Dunes community. Grand Dunes will be unmatched by any other property on the Emerald Coast. A few of the many features that make Grand Dunes standout from your typical “shotgun” condominium include: high-speed elevators opening directly into your own private foyer, secured underground parking, expansive great rooms.For the gourmet cook, open elegant kitchens with over sized granite islands created by award winning certified kitchen designer, Jere Bowden feature travertine floors, premium stainless steel appliances with gas cooking and “clear ice” icemakers. Master suites will include two large walk-in closets, whirlpool tub for two, double sink with makeup vanity, shower room for two with bench and dual shower heads, and a private water closet. Grand Dunes has the little things that make a big difference such as adding insulation above the sheetrock ceilings and around the waste pipes which provides for “ super quiet” interiors. The approach will be through its secured-gated entrance way leading to the stately Porte Cochere building entrance. Once inside, the exquisitely decorated Grand Lobby will overlook our majestic free form pools connected by a breathtaking waterfall with the Gulf of Mexico as a backdrop. Inside the lobby, guests will enjoy the informal bar and seating area, billiard room, pool-front exercise room outfitted with the latest equipment, owner’s conference room and two guest suites that will accommodate overflow guests on those special occasions.

The past week it seems like I’m getting asked more questions about condominiums and financing than any other property type.

Fannie Mae is the true standard to which lenders are underwriting too; even the jumbo lenders are following the Fannie guide for the classification. Today there are three classifications for condos they are “warrantable”, “non-warrantable” and “condotels”. A warrantable project is simple, it just infers that it meets the guidelines for Fannie Mae and therefore suitable for their financing. This is a fairly simple process for lenders to quickly let you know. They will ask for the HOA to fill out a Condo questionnaire, and they will ask for a copy of the budget (reserves are an important line item -10% required) a current balance sheet, copy of the full property insurance and liability policy. But the question I been asked is why does this approval vary where one will say this complex is approved and another will say it’s a condo-tel. When looking a project/complex, look to see is there a rental desk on site, does the HOA participate and/or earns money from rental of the individual units. These are traits of a condotel. We do have lenders who lend on condotels and it’s on a loan by loan bases. Even for jumbo loans up 80% for second homes. Although some of the condominium property requirements may appear arbitrary, the rules exist to protect both the borrower and the lender. Rules are different for small properties (two to four units) versus large properties; there are different rules for new construction and new conversions and the rules can change with jumbo loans versus conventional financing of 417k or under. Lenders want a high level of owner occupancy in all condo associations. Owner occupants/second homes are considered more likely to maintain their property, pay all fees on time, and manage assessments or fee increases if required. Statistically, investor owners will stop paying their fees and even the mortgage if their personal finances get snarled, which can weaken a condo association.Additionally the lender needs to verify that all condo fees are collected and up to date, no more than 15% of the total units can be past due on their condo fees.They will verify that there are no pending law suits against the association that are not covered by the master insurance policy or any other issues that could negatively impact the condominium finances.When lenders receive the appraisal, they look for few more items, zoning, is it in compliance, flood zone, does the numbers listed by the appraiser match questionnaire given by the HOA. Looking to see does the HOA have full ownership of the facilities.Also many lenders offer limited review and this requires a little more down payment but in many cases more attractive for the buyers because it allows for the lender to require fewer items from the HOA and the buyer. There seems to be a lot of moving parts when financing a condominium, especially if it’s your first time to buy a condominium, but there skilled people in our area that can make this process go smoothly. They can quickly answer the questions of the required down payment, how much reserves you need, 30 year fixed vs. arms. Destin Beach Front Condominiums| Destin Condos 0-250,000| Destin Condos 250,000-500,000 | Destin Condos 500,000-1,000,000| Destin Condos Over 1,000,000

See Destin Florida, Condominiums

SEE THIS BEAUTIFUL THREE BEDROOM THREE BATH CONDO IN THE PINE RIDGE VILLAS CONDOMINIUM COMMUNITY WITHIN THE SANDESTIN GOLF & BEACH RESORT. THIS CONDO HAS PANORAMIC VIEWS THAT INCLUDE THE 13TH FAIRWAY & 15TH GREEN OF THE BAYTOWNE GOLF COURSE. THIS GREAT CONDO HAS 10 FT CEILINGS WITH 5 CEILING FANS & CROWN MOLDING IN FOYER, LIVING ROOM & ALL BEDROOMS. MASTER SUITE FEATURES WALK-IN CLOSET, TUMBLED MARBLE COUNTERTOPS WITH DOUBLE VANITY, SEPARATE SHOWER WITH SEAT & JACUZZI WHIRLPOOL TUB. WET BAR WITH GRANITE COUNTER TOP AND TUMBLE MARBLE BACKSPLASH IN LIVING AREA. TRAVERTINE MARBLE FLOORING IN FOYER,DINING & LIVING ROOM, KITCHEN & MASTER BATH. ALL ELECTRIC KITCHEN INCLUDES GRANITE COUNTER TOP WITH TUMBLED MARBLE FULL UNDER CABINET BACKSPLASH AND STAINLESS APPLIANCES.

Sandestin Golf and Beach Resort - Sandpiper Village - Great Value!

Sandestin's Sandpiper Village was developed in 1976, there are 73 detached cottages with 2, 3 & 4 bedrooms and with 1 or 2 stories. This is what many consider an original Sandestin neighborhood. However, most of each property's structures have been remodeled, updated, etc. making them more current and creating a lower insurance coverage as a result. The owners' association is a condo association. This has created a wonderful value for the owners with the roof, exterior, etc. insured, maintained, updated and protecting value for all Sandpiper owners. These homes are rental capable and are favorites among returning guests. Click here to see homes

Sandestin Resort's, One Beach Club Drive Condominiums.

One Beach Club Drive Condominium’s, located on the beachside. There are 102 units built in 2003. Some of these residential condos have views of both the gulf and the bay. There are 2,3,4 & 5 bedoom units from 1,900sq ft to over 5,000sq ft. Private poolside cabanas, tennis courts, (on-site) first class fitness center, clubroom, media room, large pool, hot tub and beach club memberships are just some of what makes One Beach Club Drive Condominium the special place it truly is. Click here to see available units

I look forward to helping you with Sandestin Real Estate, Destin Real Estate and South Walton's 30A Real Estate Needs.

I am 100% dedicated to helping you find your dream home or sell your existing property. I will tailor my services to meet your individual needs and goals. My commitment to you is to provide the personalized real estate services you deserve. Anything less is a disservice!